Some outstanding research here and clearly a link to the causal factors that shape demand for retailers and food manufacturers. According to Nik Modi of RBC Capital Markets, for the past few quarters, #consumers by and large have been in a “spending recession.” He shared his insights on a recent episode of The Food Institute Podcast sponsored by City National Bank. “Think about why people are probably deciding to get frozen meals instead of going out to eat, because it’s too expensive, right? So again, another kind of proof point that the consumer is under pressure,” https://lnkd.in/gEHje244
